Whole Foods knocked down in court again
This article was originally published in The Tan Sheet
Executive Summary
The U.S. District Court for the District of Columbia rules Jan. 8 that the Federal Trade Commission showed the "likelihood of success" in its antitrust case against the merger of supermarket chains Whole Foods and Wild Oats Markets. The next step is to weigh the merits of the case and, "if they favor the FTC, to determine the appropriate remedies" since "the merger already has gone forward," the court says. The parties are to propose a method of proceeding by Jan. 16. The decision agrees with a July 2008 appeals court ruling that remanded the case to the district, which had originally favored Whole Foods (1"The Tan Sheet" Aug. 4, 2008, In Brief)
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The U.S. District Court for the District of Columbia rules Jan. 8 that the Federal Trade Commission showed the "likelihood of success" in its antitrust case against the merger of supermarket chains Whole Foods and Wild Oats Markets. The next step is to weigh the merits of the case and, "if they favor the FTC, to determine the appropriate remedies" since "the merger already has gone forward," the court says. The parties are to propose a method of proceeding by Jan. 16. The decision agrees with a July 2008 appeals court ruling that remanded the case to the district, which had originally favored Whole Foods (1 'The Tan Sheet' Aug. 4, 2008, In Brief). |